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Your favorite professor at CSUDH passes away and you wish to endow a fund in her name that pays annually, growing 2% per year. Assuming

Your favorite professor at CSUDH passes away and you wish to endow a fund in her name that pays annually, growing 2% per year. Assuming a discount rate of 8%, how much must you endow to achieve an annual payment of $100,000 that grows by 2% per year? Please show your TVM reasoning and your proposed solution

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